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COPYRIGHT 2006 Asia Pulse Pty Ltd
Business in Asia on November 30, 2006. A summary prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, market intelligence and business opportunities:
CHINA COAL ENERGY CO KICKS OFF HONG KONG IPO
BEIJING - China Coal Energy Co, the country's leading coal mine operator, launched its initial public offering (IPO) in Hong Kong yesterday, hoping to raise up to US$1.7 billion, with share prices ranging from HK$3.20 to $4.05. China Coal, the nation's second-largest coal group by revenue, is selling 3.25 billion shares, and plans to use 65 per cent of the IPO's proceeds to improve capacity and pay off bank loans, the company said in its prospectus. China Coal Energy is the third mainland coal group to list in Hong Kong after Yanzhou Coal Mining Co (SEHK:1171) and China Shenhua Energy Co (SEHK:1088).
JAPAN EXPECTED TO INVEST US$3 BLN IN INDONESIA IN 2007
JAKARTA - Japan is expected to invest US$3 billion in Indonesia in 2007 as part of the new Economic Partnership Agreement (EPA) agreed to between the two countries, an official said. According to the chief of the...
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